Industry Fears U.S. May Quit New Car Habit

Dealers of Chrysler are now going out of business. The dealers being shut down represent 14% of Chrysler's total sales,In ordinary circumstances, automakers' efforts to close dealerships have been stymied by state laws that protect franchisees. Bankruptcy court judges, however, can override such laws. The number of Chrysler dealers going out of business is likely to expand, but it might mean some good news, at least for some smart shoppers, as Chrysler is going to be looking to move inventory, and get some money now. What this translates to is cheaper new cars. Smart shoppers, if they can get the credit, can probably get a sweet deal on a new ride. Chrysler makes some good cars, and that includes the Dodge and Jeep brands. Still, the many Chrysler dealers going out of business are going to need some debt relief.

Edit: Removed SPAM Link.

All very well and good -- except it smacks of "more of the same":
http://townhall-talk.edmunds.com/direct/view/.ef806f3
http://www.300cforums.com/forums/genera ... rvive.html

With the bulk of our tax dollars (and the Americans) going into corporate welfare rescueing these corps, there still is the problem of the middle class having less money to spend on such things. The money, if any, should have gone grass roots where it would have had a more positive effect for the car dealers and manufacturers. Governments always out of touch with reality.

I wonder if they really are. It might be said that it is we citizens who are out of touch with the reality that governments are there to help their friends, not us.

Stephen Harper went from "NO DEFICIT" to massive deficit practically overnight, once he realized just how much loot he could shovel to his friends, while maintaining that this will help Canadians in transition to the "New Normal". Tell me just how the GM (Canada) bailout, which comes to $1.7 million per employee, is any help, unless the employees actually get the cash (fat chance!) As one party pointed out, Harper could have written a cheque to each employee for a half-mil and saved a whack of cash. And those employees would have spent (most of) the cash locally, which (as you point out) is only substantive help.

I think that this more like the reality of it. We want to believe that governments are there to help us. By 'us' I mean the regular average working person.....
If governments truly had we, the peoples, best interests at heart, the situation might look very different.

The "average working person" is the enemy...............